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20121027
20121104
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Search Results 0 to 49 of about 77 (some duplicates have been removed)
's had since we've been in technical recovery, the economy grew 20%. obama has grown 7%. a third the strength of reagan's. job creation much higher under reagan. what did reagan do? all the things that romney and ryan are talking about. lower marginal tax rates. obama wants to raise them. less spending. obama added $5 trillion of debt. we're supposed to have 6% unemployment, according to obama, if he spent $5 trillion. that's not what we got. we know that obama's plan put us in the worst position, fewer people working. fewer people in the workforce. people have given up on job opportunities. very weak economic growth. >> you know, i think a lot of voters, too, are sort of frustrated by the lack of anybody in congress working to the. and john earlier you were talking about the severe partisanship. and some people point to you in this taxpayer protection pledge, which i have on me. i don't know if people can see it clearly. you have everyone sign for the house of reps, i pledge i will oppose any and all efforts to increase the marginal income tax to oppose any net reduction or elim
a plan to get this economy going. >> paul: and joining the panel this week, wall street journal columnist and deputy editor dan henninger, political diary editor jason riley, james freeman and washington columnist kim strassel. >> any evidence that hurricane sandy is going to affect this race? >> i think, yes, i think it might, in the sense that -- i think one of the big elements in the race is the level of enthusiasm on both sides. my strong sense, paul, this is an enthusiasm deficit on the democratic side. >> paul: all the polls show that. >> all the polls show that and i think it's a going to be a determining factor, now, new jersey, new jersey, maryland, it isn't going to decide whether-- obama will win those states. his popular vote may be down, i think the hurricane is going to suppress the popularity vote. >> paul: dampen that. >> and i spoke to a pollster not working for the obama campaign and agreed with dan's sentiment, turnout was an issue for democrats, enthusiasm is down, but also says that he thinks this allowed obama, even though he missed some days on the campaign trail, a
those unemployed and underemployed fell ever so slightly, but holding at 14.6%, the economy is not creating enough new jobs to brighten the employment picture. three years after the recession ended we should be creating at least 250,000 new jobs a month. we are not. the economy remains weak, despite record government spending and an extra 5 1/2 trillion dollars worth of debt. aust austan goolsbee will be joining us, he helped to write the policies,'s no longer with the administration, he hasn't been here for a while, but returning today. here is how it went last time around. >> stuart, my job is not to do spin just bb to be the policy guy. i think this job reports highlights what strengths we've start today develop and highlight the head winds we're facing and need to do more. on the positive side, this is the 9th straight month of private sector job creation. stuart: okay, now, that was two yearsing. will he say the same thing this time around. find out in four minutes and we'll talk with glenn hubbard, mentioned as a possible treasury secretary in a romney administration.
, what's your take on the markets right now and this storm? how does it impact the economy and the markets from here? >> i think it's modestly constructive. i think we're still in the middle of the square root shaped economic recovery we've been in for over three years now. a grinding upward trend within the data. i think you saw some of the positive news. i think the chinese numbers were a little stronger than many had figured. so the global economy may not be decelerating as quickly as many had feared, but certainly earnings are going to trump a lot of investors coming into the season. i think coming into the fourth quarter, earnings are going to be critical but revenue is going to be extremely critical in an economic environment that's grindsi grinding upward. >> kevin, what about you? i know you're growing increasingly pessimistic about the impact of the fiscal cliff. what else is becoming a drag in terms of uncertainty on in economy and the market? >> i think right now markets are too complacent about the fiscal cliff. a lot of people assume things are going to get wor
. big, big hit to the economy. >> paul, thank you so much. i know you're going to be with us for the next few days as we continue to work through hurricane sandy. thank you, paul. >>> all right. tyler, over to you. >> thank you, sue. hurricane sandy of course bearing down, point pleasant, new jersey. some utilities bracing for the worse. we just talk a little bit about that. warning customers that they could be out of power for a week, ten days, maybe more. what kind of damage are we talking about here and will some utilities perform better than others. greg gordon is senior managing director at isi group. mr. gordon, welcome, good to see you. can any utility that will be affected by this storm be described as a potential winner? >> no. look, these companies are regulated. they are -- they make fixed rates of return on the infrastructure and their job is to provide service. when you have a natural disaster of this proportion, their job is to restore that service as quickly as possible. i've been on the phone and talking to ceos of a bunch of companies since yesterday morning.
of the fundamentals is the economy is horrible. you have the tea party that arisen since 2010. you have romney momentum. you've got people, people decided that obama is incompetent. he can't run on anything. those are serious fundamentals. >> when we get to election day, people who are genuinely independent i think are going to break slightly our way in these battleground states. that is the data i'm looking at. >> there are many republicans, independents and democrats who aren't satisfied with the direction that we've been going in the last four years. they want a change. they want to go in a different direction. they want somebody to believe in them. they are doing that with their vote. >> we can't lose. we're going to take back america. we're going to keep it strong. we're going to overcome our challenges and keep america the hope of the earth. i need your vote on november 6th. get out and vote early. >> greta: we have more to break down the polls, minutes away. but disturbing information about benghazi. fox news obtained a classified cable from the mission in benghazi to the state departme
you here about where we are in this market and in this cycle for the economy? >> well, it tell us that the housing sector is improving and the residential side. commercial permit activity, which we see, has gone up, it's kind of plateauing. it tells us we're dealing with a lot of uncertainty out there. there's a tremendous amount of pent-up capacity in corporate america if we can just get the right fiscal policies in place. this economy could do well. >> do you think things loosen up after the election when we know who the president will be? >> i think it depends. then we're going to have more clarity on the policies. what we want in place are constructive growth oriented fiscal policies. >> and we don't know we'll get those. rick santelli, jump in here. we had a market under pressure for sure today. you hear what chip is saying in terms of those policies. what would snap investors out of this? >> i think what would snap investors out, of course, to start to see some, a, larger and more job creation. also getting things like tax policy out of the way. i will tell you, the discussi
it's going to have a big impact on the economy and the economy is improving, the administration says, in the final reports before the election, a surprising better than 170,000 jobs added to the economy. unemployment rate at 7.9%. back with us is jack welch who might quibble with that rate in and about the last time, but still don't necessarily buy these numbers. >> neil, look, the real unemployment rate, if you take the last ten years prior to the 2009 recession, the 10-year average of let's call it the participation rate, how many people are working temporarily, full-time, and you take that number and take the ten year average and ran it now, work for us, you would have an unemployment rate close to 11% and that's what the real unemployment rate that people are feeling out there, not discouraged workers walked away all that stuff, but that's the real rate. now, this number of 7.8, that popped in the other day just didn't make any sense, i mean, you had a number that suddenly had more people added since ronald reagan's biggest month in june of '83 in september. that didn't-- >> so,
and big ideas and the romney campaign is it thinking that the electorate is right focused on the economy. and that all of this is it about the pocket book and all of it is what poem feel about the economy and how they look about the next four years and about the next, how, how the next four years will go and working with the other party. if you listen to governor romney he talks about bipartisanship and working with democrats and that is coming across in the final 24 hours. >> stow much criticism for the current president for not doing that. and not enough reaching across the aisle. and you would think that the next person who would take office would do a better job and do it differently. talking about focusing on the economy. karl rove said today in an article or interview with washington post. he feels super storm hurricane sandy may have taken them off message. >> karl doesn't say that unless the numbers prove it out. karl is a numbers guy. he's looking at numbers some place that have stalled for the romney campaign. >> do we know which he's look at. >> he made a bold prediction for t
their ballots. the conversation democrat naturing the national political dialogue is the state of the economy and we're slow in recovering. in iowa things are pretty good. 5.2% unemployment rate, so i'm wonderi wondering, are people in iowa feeling more like unemployment is at 5% or more like unemployment is at 7.8%? >> i think that depends on who you ask and when you and. if you talk about -- it's interesting to watch republicans, for example, in charge of the state, republican governor, for example. simultaneously touting the fact that the economy is on the move under his administration, and yet, you know, making the point that nationally the economy is still in bad shape. i think that iowa voters have been pretty clear that they feel better about the way things are going until the state than about the nation. you know, obviously, we're all paying attention to the national news, you know, here today in iowa. everyone is hanging on the news about hurricane sandy and what's happening to our friends on the east coast. so, you know, people do pay attention to the national and not just what's go
as the economics, as far as jobs and growth are concerned because it will add the extra umph to the economy. is that a possibility? >> it certainly is the possibility. first, i don't want to downplay how difficult this has been for the city and for the region. many people are now without homes. there are still thousands of people in shelters. so it's still a difficult time. we've got about $30 million of emergency contracts out there, expenditures that we did not anticipate. but over the long run, as you mentioned, if fema does come through with reimbursements to the city for some of our damaged publix works and the insurance companies come through with what is surely going to be billions of dollars of reconstruction money, that could be some kind of stimulus to the city's economy. >> you mentioned fema and the human tragedy. we are watching live pictures here from atlantic city's airport where air force one is just landing and the president having been to fema today is going to now link up with governor chris christie and tour the area in those helicopters to look at the very human side of
:30 eastern time. and we'll be slicing and dicing the jobs report and the economy with our guest host, mark zandi. also at 8:00, the former chairman of the council of economic advisers austan goolsbee will join us for the report. and then we'll get reaction from the romney campaign with ron hubbard. that's at 8:40 eastern time. obviously a lot on our plates today. andrew, i'll send it over to you. >> the coast guard opening the port of new york new jersey on a restricted basis today allowing the backlog of barges containing gasoline and fuel into the area for the first time. how soon, however, will we see relief in the area impacted by sandy? that's the big question this morning. joe knows this very well, on my way in today, i had to take a taxicab for $125 because jeeves was this line to get gas, he was out of gas. >> i tried to take a car, my guy who i call -- he is not, but he nights as well be a former -- he has never failed. on on tuesday he came. and there have been snowstorms in the past where we've gone off the road, around, jack moved tractor trailers to get here's couldn't get gas
in the unemployment rate is a sad reminder that the economy is at a virtual standstill. >> i don't think so. the last month, the unemployment rate came down three ticks. and the romney campaign complained that we hadn't created more jobs. this month, the number of jobs created was 30%, 40% higher than expected and was fairly strong. and then they criticize that the unemployment rate ticked up one tenth. it's the last number before the election, so i think both sides are going to see, try to go through and interpret what it means. i think overall, most economists view it as a fairly solid report. and until we get the growth rate of the economy up faster than 2%, 2.5%, this is probably about what we should expect from a solid report. >> how does one explain the kind of inconsistency? 7.9%. that's up, with unemployment. then you talk about adding 171,000 jobs in october. >> yeah, a great question. a lot of people misunderstood how the jobs work. there's two surveys. the jobs come from a survey of businesses. the unemployt rate comes from a survey of people. each month, there's a lot of variability in bo
, because month to month jobs reports, it is a important milestone by which we can gauge whether the economy is improving. and then, you know, judge the president, what the president is doing. i want you to take a look back to the worst of this recession, guys. this is october of 2009. look at this, the unemployment rate was above 10%. and in this month, 7.9%. you've been traveling to the swing states as i have, what are you hearing, are people feeling better off? today's numbers help any of the candidates? >> well, i tell you, don, we have been on the battleground bus state tour from florida to ohio. people understand the economy is improving. but the real debate is whether it is fast enough and whether mitt romney could have done a better job. in toledo, ohio, today, one of the battle ground counties of ohio, the must win buckeye state, i spoke to mayor bell, he put it out that january 2009, unemployment here was 12.6% in this county. today it is around 7.5, lower than the national average. that is a measurable improvement. that doesn't mean the economy is going on all cylinders right now.
days. but tomorrow will mark a big step toward normalcy for america an its economy as the stock market gets set to open once again. the big question now is, what happens when that opening bell rings tomorrow morning after such a long hiatus and such a disastrous storm? >> really unprecedented. we have team coverage today. scott cohn with the latest on the flooding near wall street. courtney reagan is monitoring the power outages. jackie deangelis is in a new jersey town. we kick it off with bob. you spoke a short time ago with the ceo of the nyc. can it really be business as usual tomorrow? what are you expecting? >> that's what they're hoping for, maria. they said the magic words. trading will resume at the nyse and other exchanges. duncan told me a short while ago it was all subpoeystems go. >> we've had people on site throughout the evening, and we g got the report early this morning that there was no issue with the building. it had not been compromised. so once we heard that, we have been operatie ining under the assumption we would be under normal business trading tomorrow. >> mea
to the economy a little bit. specifically, jobs. we have key readings out today ahead of the big report tomorrow. it is up 140 on the dow and i believe they like this jobs report. i want to talk about adp. they had some issues with the way they put it together and they changed their methodology. does that affect the way we should look at it back i do not know. first of all, it is such a short data series. there is not a lot of history to it. i like it better that it is a private company based on their surveys. they look at tomorrow's employment data like it means something. it is so highly revised. last september at the original estimate came out about 100,000 jobs. the market got hit. it was not a good situation. now, if you look at the number after revisions, it is over 200,000 jobs. my point to the viewer is, try to not look at the individual data point, but look at the trend of the data point. that continues to be positive. connell: give me a quick take on what you think of the stock market in general. i think everything seems to be political or now got this we, obviously, with the storm, wi
damage to property and the economy, the total impact expected to reach a staggering $50 billion. the damage is perhaps nowhere worse than the coastline of new jersey where sandy came ashore laying waste to an amusement park and historic boardwalk at seaside heights. as for the airports, jfk, newark, they're expected to resume limited service this morning. the same cannot be said for laguardia. jetblue posted these photos of the runways submerged. more than 18,000 flights have already been canceled as a result of sandy. and police had to take to the air to save victims from rooftops in staten island after floodwaters surrounded their homes. they were loaded one by one into baskets before being hoisted to safety. now let's go to breezy point. a neighborhood of queens which looks like a war zone after a fire devastated the small community. absolutely devastated it. more than 100 homes were destroyed. officials say the high winds from the storm pushed the flames from one building to the next. amazingly, no serious injuries reported there. but high god, look at that neighborhood. it
. is this a case of slow and steady wins the race or another sign that the u.s. economy is nowhere near a real recovery? joining me now, chief global equity strategist at jefferies. tommy coming october jobs report, would you characterize it as more good were more bad news? speak what was more good news. we have had over the last quarter, factory order numbers as well over the last 24 hours but the key has been with head spinning the companies coming into the u.s. election and presumably ahead of the fiscal cliff discussions. that will still be a drag for growth alongside what we have seen from hurricane sandy and the gdp numbers. we'll still trend lower in the macro data pieces. employment data was actually slightly better, but in the whole scheme of things i think things are still slightly weaker toward the end of the year. lori: what i think in terms of gdp points? >> the estimates probably the early estimates probably shave off about a half a percent during this quarter which will mean early estimates about 1% gdp for fourth quarter. down about a half, it will have a meaningful impact unfo
this picture. plus, what all this means for the economy and presidential race. we have all the angles of this developing story right here on "the cycle." throughout the show we share some of the stunning images from this storm. these were taken by a producer as she walked into work this morning. the front of a building ripped off by the wind in lower manhattan. [ male announcer ] whe emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt d
is a sad remainder that the economy is at a virtual standstill. creating 171,000 jobs a month. >> ronald reagan proved it's about trajectory. the projectory of the jobs numbers. do people feel like the economy is getting better? are things looking better. if you look in states that matter, places like ohio where the economy has gotten substantially better and they can pinpoint why. if you're in michigan or ohio you can point to that reason why and that reason why has barack obama's name on it. >> if you litsen to the little clips we played, it seems as though barack obama is energized -- >> that's apparent. >> mitt romney is going through the motions. ja let's go to the facts here we have on the table. i love the atmospherics. let's go to this piquing question. dick nixon, richard nixon, he was a smart politician as they go, and he used to believe -- he didn't want to the run all out. he said you have to peak at the right time. he almost caught kennedy. he was three days light. three more days he might have caught them. humphrey almost caught nixon in '68. these elections go through rhyt
and foremost on their minds. jobs still first and foremost on their minds. this economy. this is not a time where people, the american people right now are being con descended to by a national liberal press as well, acting if every voter, every likely voter is a complete moron who has to be guided into the final hours to be pushed into the booth and so they can vote for the candidate that makes most sense. very simple questions here, who refused more security for benghazi? who was it who refused to rescue four americans? who is responsible for the past four years? and this country as president of the united states and does that record satisfactory? if you want more, there it is. melissa: would it be cynical of me to say chris christie also wants the dollars the president brings with him? >> he will get the dollars no matter what. melissa: then i won't say it. be positive. i won't throw the out there. >> but the question you suggest is absolutely apt. why in the world this, this level of, if you will --. melissa: lovey-dovey? ashley: photo-ops. >> creates political and interesting, well, dis
the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> a flurry of new polling from the swing states today. all these polls are just released today. in colorado president obama up by four. in iowa, president obama up by four. in wisconsin president obama up by seven points. in new hampshire the president leading in six points. in ohio president obama leading in three points. in virginia president obama leading by one point. in florida president obama leading by two points. one state that's not a swing state this year but that president obama made into a swing state in 2008 is the great state of indiana. indiana flipped from red to blue in the presidential contest. president obama is not necessarily expected to pull off the same thing this year in indiana. but this year there's a really hot race in indiana in the senate. after a tea party primary cost senator richard lugar his senate job, the re
. some of these obama supporters last time have looked at the economy, looked at what's happened, looked at the last four years and said they want to do something different the next four years. bill: we're in hamilton county, traditionally reliable republican part of the state. it wasn't that way in 2008. is this part of the state where you need to overperform to win? or is it somewhere else in ohio? >> no, southwest ohio is area you need to do well as a republican. again i've been in a lot of victory centers this part of ohio where i'm from, where you're from, enthusiasm is unbelievable. we're having people show up make phone calls who have never been in politics before. we made three times more phone calls than 2008. we knocked on 20 win times more doors than 2008. i see enthusiasm here. i think we'll get turnout in southwest ohio to be good for us. frankly the other side is having tough time getting turnout they had in 2008. bill: senator, thank you for your time. >> you bet. thank you, bill. bill: rob portman here in cincinnati. right after this interview, martha, he jumped in his ca
of water, the economy has to keep going, and there is potentially, meacham, some sort of symbolism as well. they're grappling with that in other towns and communities up and down the east coast are probably dealing with similar types of decisions as they try and move on. >> it's phenomenally complicated. >> really complicated. >> at what point do you show you're strong, restill yebzisil. >> no better way. >> the debate about what should be done after the attacks 11 years ago. it was the same kind of tension. and i'm not sure what i would do. i'm glad it wasn't my decision. i understand folks who feel this way. >> the marathon is an extraordinary amount of resources. and i think they really need to make sure, particularly staten island, they're doing everything they can for those people before they have this big display over the weekend of law enforcement and all sorts of resources to put this thing on. >> if there was a symbolic action, there's a huge amount of corporate money that goes into the sponsorship of the marathon. if they were to cancel the marathon and all the corporations that
and add to that concerns this will hit the g.d.p. and our economy itself, and no wonder larry is worried. what do you make of this, coming days before the election and the markets and others are looking at this in the northeast and saying, well, i don't know, it is not looking like we thought. >>guest: though was the last key piece of economic data ahead of the election and it is not good. what the public will talk about in addition to the uptick in unemployment which is not if for the incumbent at pizza parlors, they will talk about the gas line. what is damaging to consumer confidence is being in a gas line. i have relatives in the area and i know what they are going through and it zaps confidence and will hurt retail and discretionary spending. we see companies seeing this and they are worried. it will affect consumer confidence. companies have been preparing themselves for what they see looming and one thing they see looming is the fiscal cliff, the uncertainty related to the economy. as a result, we have seen certainly layoffs that are planned, that have picked up. we see companies
the entire u.s. economy? it certainly has in america's largest city ground to a halt tonight. we'll get into that straight ahead as fox reports live tonight. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >> shepard: the great storm of 2012 bat ated of the east coast its impact has reached around the globe as people are still not able to fly into many parts of the region. jetblue airlines flooding at laguardia airport. the airlines have cancelled some 16,000 flights as a result of this storm. all the major airports in the new york city area are still closed. state officials hope to partially reopen jfk, probably for international flights tomorrow. and there were significant delays today as the storm continued to produce strong winds further west. flights arriving at chicago's o'hare reported averag
the impacts on the consumers in those areas and it will trickle down into the economy almost without a doubt. >> i guess if you have a storm sitting right over you, what is it supposed to sit here for 36 hours or something? what does that mean in terms of rainfall? >> probably five to ten inches of rain. lots and lots of wind across the trees which still have leaves on them. they come down, power is out and then we have gridlock and everything is shut down for maybe more than several days. >> you remember last year the snow that we had. >> snowtober. >> the leaves were on the trees. i've never seen more branchs down. i would think snow on leaves would cause more power outages than wind. is that -- are there going to be just as many incidents? because the guys that had to repair stuff last year, they were repairing stuff for two weeks solid. >> and the tree guys, you still couldn't get an appointment. >> and every branch fell and wind, a lot of the leaves are falling, i'm telling you, they're falling. so a strong wind will bring most of them down anyway, won't it? >> the difference here, it's
but keep it for oil. he is going to do away with the fuel economy standards that increase the efficiency of the vehicles we drive up to 55 miles per gallon backing out 6 billion met trk tons of co2, back out 3 million barrels of oil per day from the persian gulf, all the oil we import. thek och brothers want romney, and romney has promised, to roll back the fuel economy incentives. it's going to endanger young men and women who have to go to the middle east to import the oil. >> professor, back in the '60s we called such people pigs. they don't care about the planet, don't care about the destruction of war, all they care about is their stuff. and they want more of it. is that what we're talking about, greed? i'm talking about people who won't listen to you or science because they want more stuff? >> listen, chris, i'm not into name calling here. >> well, i am. >> fine, that's your job, not mine. we have a serious job to do. the administration has actually started to put in regulations to reduce emissions. u.s. emissions are actually down modestly. we have a long way to go. we're going to
and the economy which is mitt romney's strong point in this election as it runs to its conclusion. >> well, it doesn't seem that the news is going to be all that bad even if it is bad because the aap numbers indicated that there were more -- there was more hiring. obviously the trajectory has been good, both on the political side with the polls as well as on the economy. you have the stock market rebounding, you've got manufacturing now at a 15-year high. the numbers out of the manufacturing sector are very good. so much of that attributable to the saving of the auto industry. so i think the momentum clearly is on the president's side and i think a lot of the early voting numbers that we are seeing where the president has a huge advantage in many of these swing states, if not all of them, attributable again to his ground game, i think that the numbers are getting to be baked in a bit. >> they are. the one thing that stood out to me is the washington post abc poll, 48.56% obama, 48.49 romney. i mean, literally, negligible and even in the swing states it's too close to call. i don't think th
, kiddo. lights out. ♪ (sirens) (train horn) ♪ vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> breaking news to report. late news the holland tunnel, one of the major arteries into and out of manhattan will partially reopen tomorrow morning. that's good progress. one of the two tubes opening back up for rush hour tomorrow. still for many, getting around tonight and tomorrow is going to remain a nightmare. take a look at this. these are pictures from outside the barclays center in brooklyn. those are thousands and thousands of people waiting for hours to get on buses into manhattan. this is what it looks like when new yorkers lose the subway system that we all rely on. the subway has been shut down since sunday night. limited subway service started today but very limited. nothing below 34th street where there's no power. if you're familiar with new york, that's a huge chunk of the city. there is still no power to lower manhattan. entire subway stations are flooded. jason carroll got an upclose look at the south bury statio
Search Results 0 to 49 of about 77 (some duplicates have been removed)

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